Companies /Technology

Ondas Holdings Inc.

NASDAQ: ONDS Communication Equipment
$7.90
▼ $0.85 (−9.71%) today
Markets closed · 3:56am ET

Q4 2024 Earnings

Reported Mar 12, 2025, 8:07am ET · SEC source
$-0.61
Miss −577.78%
EPS · est. $-0.09
$0
Miss +0.00%
Revenue · est. $5.8M
+21.3%
Beating market
ONDS vs S&P since report
1 quarter
Consecutive EPS misses

Market Reaction

% change · around the report
0+8%+16%+24%Mar 12Mar 13report 8:07am ETearnings−1.3%+3.9%
0+8%+16%+24%Mar 12Mar 13earnings−1.3%+3.9%
ONDS +3.9%S&P 500 −1.3%
0+8%+16%+24%Mar 12Mar 13report 8:07am ETearnings−1.3%+3.9%
0+8%+16%+24%Mar 12Mar 13earnings−1.3%+3.9%
ONDS +3.9%NASDAQ −1.3%
0+20%Mar 11Mar 20report 8:07am ETearnings+0.6%+5.3%
0+20%Mar 11Mar 20earnings+0.6%+5.3%
ONDS +5.3%S&P 500 +0.6%
0+20%Mar 11Mar 20report 8:07am ETearnings+0.2%+5.3%
0+20%Mar 11Mar 20earnings+0.2%+5.3%
ONDS +5.3%NASDAQ +0.2%
−3.66%
Day of report
−2.91%
Next session
+8.69%
One week
+16.79%
30 days

S&P 500 over the same 30 days: −4.46%.

Did ONDS Beat Earnings? Q4 2024 Results

Ondas Holdings closed out a turbulent 2024 with a Q4 loss of $0.61 per share, as war-related disruptions at its Israeli drone unit and sluggish railroad spending weighed heavily on a full year that saw revenue collapse to $7.19 million from $15.69 million in 2023. Yet the quarter itself offered a clearer sign of recovery, with Q4 revenue reaching $4.13 million, up 173% sequentially from Q3's $1.50 million, powered almost entirely by Ondas Autonomous Systems, which surged 260% quarter-over-quarter to $3.60 million on shipments tied to $14.40 million in military orders for its Iron Drone Raider and Optimus platforms. The company also trimmed its full-year net loss to $38.01 million from $44.84 million and raised $50.18 million in financing, ending the year with $30.00 million in cash, though a swelling $54.23 million debt load remains a concern for investors who have watched the stock lose 89% of its value over five years. Management is targeting $25.00 million in 2025 revenue, nearly 250% growth, with OAS alone expected to contribute at least $20.00 million.

Key Takeaways
  • Shipment of products and services from $14.4 million order for two military programs secured in Q3 2024
  • Record OAS bookings of $16.9 million in 2024
  • $10 million backlog at OAS entering 2025
  • Full synergies from Airobotics and American Robotics integration reducing operating expenses
  • Cost savings programs at Ondas Networks including headcount reduction of nine employees

“Ondas entered 2024 with deepening customer engagement and a growing business pipeline at OAS, allowing us to end the year with $10 million in backlog at OAS. We believe 2025 will be a record year with OAS expected to contribute at least $20 million in revenues of the expected Ondas Holdings revenue of $25 million.”

Ondas Holdings CEO, on the earnings call

Forward Guidance & Outlook

Ondas expects 2025 to be a record revenue year, targeting $25 million in total revenue — representing nearly 250% year-over-year growth. OAS revenue outlook has been raised to at least $20 million (up from the prior $15–18 million range), supported by $10 million in backlog and expected new orders from current and new military customers. Growth drivers include expanding existing programs in Israel and the UAE, securing new military customers, and capturing U.S. Drone as First Responder (DFR) and critical infrastructure opportunities. Ondas Networks revenue expectations are primarily tied to existing development programs and modest system sales given the current lack of firm commitments on rail network buildout timelines. Bookings and revenue are expected to fluctuate quarter to quarter based on the timing of program expansions, new customer additions at OAS, and railroad network buildout timelines.

ONDS YoY Financials

Revenue$4.1M
Gross Profit$883,500
Operating Income$-8,517,804
Net Income$-10,335,669

ONDS Revenue by Segment

Ondas Autonomous Systems (OAS)$5.3M
OAS - Q4 2024$3.6M
Ondas Networks$1.9M
Ondas Networks - Q4 2024$500,000

Figures from SEC filings and company reports. Not investment advice.